KUALA LUMPUR: Unitrade Industries Bhd has declared a first interim single-tier dividend of 0.44 sen per ordinary share in respect of the financial year ended March 31, 2024 (FY24).
The first interim single-tier dividend of 0.44 sen per share translates to a dividend payout of RM6.9mil.
The dividend will be paid on April 5 and the entitlement date for the dividend payment is on March 21.
“The dividend declared reflects our commitment to shareholder value creation and serves as a token of appreciation for their continued confidence in Unitrade.
“It also aligns with our dividend policy to distribute up to 30% of our profit after tax and minority interest, while prioritising a balanced approach that ensures both shareholder rewards and sufficient capital for future growth initiatives,” managing director Nomis Sim Siang Leng said in a statement.
In the first nine months to Dec 31, 2023, Unitraded posted a net profit of RM23mil, up from RM14.5mil while revenue grew 11.2% to RM1.13bil from RM1.02bil.